This quarter saw equities remaining in a holding pattern on both sides of the border. The S&P/TSX Composite Total Return Index registered a 1.6% drop in Q2 compared with a 0.7% drop in the S&P 500 Total Return Index, adjusted to Canadian dollars. On a year-to-date basis, the Canadian equity market is up a paltry 0.7%, underperforming its American counterpart by 4.7% in Canadian dollars.

Click here to read Leon Frazer’s latest commentary on equity markets and the economy in general.

 

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